Crude Oil Prices At 9 Month Highs On Iraq Unrest
allpennystocks Newsletter
You can read the original version online:
http://ymlp256.net/z9V2Eq ——————————————————————————– June 15, 2014 Week In Review… HAPPY FATHER`S DAY! Week In Review For June 9 to June 13, 2014 This week on AllPennyStocks.com:
* Article Published, June 10, 2014: Vetra Looking to Steer Suroco Shareholders Away from Petroamerica Merger (http://www.allpennystocks.com/aps_ca/special-reports/427/Vetra-Looking-to-Steer-Suroco-Shareholders-Away-from-Petroamerica-Merger.htm) (CDN Company) * Article Published, June 11, 2014: Highmark Marketing Aiming to Stamp Name in Marijuana Industry with Purchase of Mobiweed (http://www.allpennystocks.com/aps_ca/special-reports/428/Highmark-Marketing-Aiming-to-Stamp-Name-in-Marijuana-Industry-with-Purchase-of-Mobiweed.htm) (CDN Company) * Article Published, June 13, 2014: MamaMancinis Revenue Jumps in Q1 as Products Land on More Retail Shelves (http://www.allpennystocks.com/aps_us/special-reports/451/MamaMancinis-Revenue-Jumps-in-Q1-as-Products-Land-on-More-Retail-Shelves.htm) (U.S. Company) Video charts for the week:
* June 15th Technical Video Chart For NAMG. The chart for North American Gas & Oil Corp. has been in a long-term downtrend, regularly forming a support level and then falling through it. The MACD creating a positive divergence by rising towards zero while the price per share keeps slipping lower is enough to put the chart on radar this week to drive and reverse course and take on some upward pressure as other indicators are signaling that a shift may be ready to happen.
view: ( http://www.youtube.com/watchv=tlMgXo7WjVc ) Last week, our U.S. technical chart Company Banro Corp. (NASDAQ:BAA) rose 9.07%.
* June 15th Technical Video Chart For TMD:CA. The chart for Titan Medical has made a very nice climb over the past seven months, including hitting a high of $2.76 in April. The stock price has consolidated since and is holding a support at $1.68 as the indicators give hints that the chart may be ready to try and move off the support as part of the next leg up. view:
( http://www.youtube.com/watchv=RN9DY-hkiaw ) Last week, our Canadian technical chart Company Alvopetro Energy (TSX-Venture:ALV) rose 8.56%.
_______________________________________________________________ Featured Link: Try the AllPennyStocks.com Pro newsletter / member area free for 14 days. Members receive exclusive Canadian and U.S.
penny stock picks with specific buy/ sell calls, custom stock scans /
screeners, special reports on various economic topics as well as monthly commodity and indices analysis allowing you to be the first to know what direction the markets will be heading.
Other features include unrestricted access to the “Penny Stock of the Day”feature which offers daily trading ideas including detailed trading analysis of each trade idea for technical traders and ad-free viewing of AllPennyStocks.com.
With all these features offered in one place, one can quickly see that AllPennyStocks.com Pro is a must have service for any investor looking to make serious money.
We pick the winners, you make the money! Click here: ( http://www.allpennystocks.com/allpennypro/ ) to view a sample stock pick and start your 14 day free trial.
Start Your 14 Day Free Trial Now: Click Here: ( http://www.allpennystocks.com/allpennypro/ ).
_______________________________________________________________ WEEKLY UPDATE – COMMODITIES BOLSTER CANADIAN EQUITIES AS BATTLES RAGE IN IRAQ, US STOCKS TAKE A BREATHER Stocks in North America moved in opposite directions last week, with resources helping carry the Toronto Composite to heights not seen since just before the markets collapsed at the hands of the Great Depression in 2008. In fact, the benchmark Canadian Index has only closed higher than it ended this past Friday three times in its history (May 20, 2008; June 17 & 18, 2008) and the index is about 14 points from its record all-time intraday high of 15,154.77. Gold, silver and oil rising also played a part in the smaller Venture Exchange rising to push on the 1,000 mark for the first time since early in May as both indices notched gains of 1 percent or more last week. Canadian investors even shook off the Bank of Canada issuing a warning over the country`s high level of consumer debt and a housing market that looks like it is heading for a soft landing, but still poses a significant risk to the country.
The US markets didn`t have much economic data to use as a springboard to keep printing record highs and what did come was less than optimistic as economist predictions were not met for retail sales, the producer price index or initial jobless claims. Even so, the week started by trying to squeeze some extra momentum out of the prior week with some big merger news ahead of economic reports, helping push the Dow Jones Industrial Average to its 9th and 10th record close of the year on Monday and Tuesday. Only a few days earlier, The European Central Bank showed its there to stimulate the economy, announcing a cut to its key lending rate to 0.15 percent from 0.25 percent, while slashing its overnight deposit rate to minus 0.1 per cent from zero.
Investors cheered the news as a sign the central bank will fight to keep deflationary pressures from choking growth. The S&P 500 printed its 19th new high for 2014 on Monday before showing weakness Tuesday through Thursday as investors took the opportunity to dock some profits after a great run so far this year.
Investors also tuned-in to commentary from Fed officials last week, looking for clues about possible central bank moves ahead of the latest meeting of the Federal Open Markets Committee scheduled for this coming Tuesday and Wednesday. James Bullard, the president of the St. Louis Federal Reserve, shifted gears from a stable stance on inflation last month to saying that he now sees inflation moving higher. Boston Fed President Eric Rosengren, a nonvoting member of the policy committee, suggested that a cautious and regimented exit plan from stimulus would be the best way to avoid a market overreaction to the Fed hiking interest rates, something that the markets don`t exactly like to hear, but are starting to slowly come to terms with, just as with the central bank tapering its asset purchases every month this year.
In some surprise political action, voters in Ontario elected leftist Kathleen Wynne as Premier, extending the Liberal rule for Canada`s largest province to more than a decade. In the US, Republican Eric Cantor (R-VA) suffered a shocking defeat in Virginia`s Republican primary race, in what is considered by many the biggest political upset of recent memory. Cantor, the House majority leader pegged by many as the next House speaker, lost by double digits to David Brat.
Cantor was the first House majority leader to lose a primary in 115 years.
Obviously, the major news came from Iraq where rebels, led by the Islamic State in Iraq and the Levant, or ISIS, took control of the northern Iraq towns of Mosul and Tikrit. Later, the BBC reported that additional Sunni-led Islamist militants gained control of two towns in the Diyala province near Iran and Baghdad, threatening to move into the country`s capital and take over a larger portion of the country.
Iranian forces have joined the Iraqis to protect Baghdad from the insurgents as Iraq has called upon the US for help. President Obama stated that he is weighing all options, but at this time has no inclination to put boots on the ground in Iraq, but won`t rule out the idea of airstrikes to support the Iraq government.
In China, the latest trade report showed exports climbed 7 percent year-over-year in May. The sharp uptick is the latest sign that the nation`s economy is starting to stabilize after showing signs of a slowdown in recent months. The downside of the report was that imports remained thin, dropping 1.6% from last May and coming up way short of the 6-percent rise economists forecast. Other data showed that inflation in China hit a five-month high of 2.5 percent last month, but is still well below the 3.5% target of the government. On the bright side the low inflation leaves regulators room for stimulus efforts to jump start the economy.
This week certainly has plenty market moving potential influencers.
The situation in Iraq will continue to take a top billing, especially as to how it relates to commodities. Key oil producing regions in Iraq, OPEC`s second largest oil producer, remain insulated from the battles, but if things change on that front, oil prices will surge higher. Investors will also look to President Obama to find out the extent of America`s involvement with the understanding that Wall Street generally doesn`t care much for war, which will bode well for gold and other safe haven assets. Additionally, economic reports will not be sparse like last week. There will be a litany of reports from both Canada and the US covering the full gamut of economies, from housing to consumer prices to factory activity, as well as the aforementioned meeting of the FOMC. This could be a white-knuckle ride of a week.
The Canadian dollar got a boost to start the week on upbeat housing data after losing 0.8% against the US dollar the week prior. The loonie held onto the gains as oil and gold prices appreciated throughout the week as investors considered escalating tensions in Iraq and took a breather from U.S. equities to move into some more safe haven assets. Much like has happened in other weeks, both North American currencies were broadly stronger against the world, including the ICE Dollar Index, which measures the greenback against six leading global currencies, rising by 0.23% for its sixth straight weekly advance. On the week, the Canadian dollar gained 0.67%, or $0.006125, against the USD, meaning next week will begin with one Canadian dollar buying US$0.921065.
Commodity Snapshot:
* Gold futures rose every day last week, initially settling with modest gains on Monday and Tuesday to holding above $1,250 an ounce for a third straight session and breaking above $1,260 on Tuesday for the first time in two weeks. Traders moved cautiously with gold early in the week, apparently hanging in slightly bullish limbo ahead of the retail sales figure on Thursday and PPI-FD on Friday as the most important pieces of economic data that could move the needle for gold prices. Against the backdrop of the Iraq conflict, all three pieces of major U.S. economic data missed the mark, lending to gold ending the week at its highest level since May 23. August contracts were the most actively traded on the Comex division of the New York Mercantile Exchange, gaining $21.60, or 1.72%, per ounce to $1,274.10.
* Silver futures rode the coat tails of rising gold as precious metals came into favor for the first time in about a month.
Geopolitical uncertainty and less-than-expected economic reports helped propel silver higher, which triggered some short covering to help silver hit a three-week high. The World Bank also created some silver and gold appetites by trimming its global growth forecast for 2014 from 3.2% in January to only 2.8% now. Although the bank thinks the worst is over for the year, the frigid winter in the US, rebalancing in China and conflicts overseas (namely Ukraine) all contributed to a slow start to the year. Last week, July contracts for silver were the most actively traded, advancing by 66.4 cents, or 3.50%, to $19.655 per ounce.
* Copper futures continued to track lower as the trading community ponders the copper finance scandal being investigated in China, the world`s largest copper consumer, that has seriously dampened sentiment for the industrial red metal. So far, at least one company has been discovered using fake documents for receiving financing based upon copper held in warehouses. With the scandal being uncovered, banks are reportedly turning nervous about providing copper-backed finances and any unwinding of the estimated 500,000 tonnes of copper stockpiled in warehouses could seriously impact copper liquidity and prices, causing traders to de-risk positions as the situation unfolds. July contracts were the most actively traded on New York`s COMEX exchange during the week; falling 2.15 cents, or 0.70 percent, to $3.0295 per pound.
* Oil futures were nothing shy of studly, posting their biggest weekly gains of 2014 last week, in part on the back of a rise of almost $2 per barrel on Monday and Thursday in the wake of the violence in Iraq raising questions about supply disruptions in the future. Oil prices had already been on the rise on optimism for future demand on the back of an upbeat non-farms payroll report in the US for May, stimulus efforts by the European Central Bank, upward revisions in Japanese growth and China loosening reserve requirements for the country`s banks. Even though experts have assured the markets that oil-producing regions face no imminent threats, traders still reacted to the battles and commentary from leaders like U.S. President Barack Obama, who said this is not going to be a short crisis. Last week, July contracts for West Texas Intermediate Crude were the most actively traded; surging $4.25, or 4.14%, to $106.91 per barrel. Oil is at its highest level since mid-September of last year.
Equity Market Snapshot:
(All percentages on a weekly basis unless otherwise noted) * Major gold miners ripped ahead with rising bullion prices.
Agnico-Eagle Mines (TSX:AEM, +8.02%), Yamana Gold (TSX:YRI, +10.43%), Kinross Gold (TSX:K, +5.16%), Goldcorp (TSX:G, +8.71%) and Barrick Gold (TSX:ABX, +5.25) all posted healthy gains.
* Major energy plays benefited from the sharp climb in oil prices.
Talisman Energy (NYSE:TLM, +6.59%) and Cenovus Energy (NYSE:CVE, +7.19%) slipped back some, but Suncor Energy (NYSE:SU, +8.93%), Imperial Oil Ltd. (NYSE:IMO, +4.01%), Canadian Natural Resources (NYSE:CNQ, +5.67%), Exxon Mobil (NYSE:XOM, +1.03%) and Chevron Corp.
(NYSE:CVX, +2.47%) logged gains. XLE, the Energy Select Sector SPDR, rallied for the fourth straight week with an advance of 1.66 percent.
* The biggest of banks in the US were a drag on the markets.
JPMorgan Chase (NYSE:JPM, +0.12%) eked out a green week, but UBS AG (NYSE:UBS, -4.24%), Wells Fargo & Co. (NYSE:WFC, -0.15%), Goldman Sachs Group (NYSE:GS, -0.18%), , Citigroup (NYSE:C, -2.74%) and Bank of America (NYSE:BAC, -0.96%) all lost ground. XLF (NYSE:XLF, -0.83%), the financial select sector SPDR that tracks the financial stocks in the S&P 500, snapped a three-week winning streak.
* Bank of America took a shot with the New York Times reporting that the Justice Department may be looking to penalize the company $17 billion due to its role in the mortgage crisis that was a major instigator in the recession.
* Canada`s biggest banks, the most heavily weighted component of the TSX Composite, mostly squeaked out gains. Toronto-Dominion Bank (TSX:TD, -1.26%) shed some points, but Bank of Nova Scotia (TSX:BNS, +0.07%), Bank of Montreal (TSX:BMO, +0.09%), Canadian Imperial Bank of Commerce (TSX:CM, +0.09%), Royal Bank of Canada (TSX:RY, +0.67%) and National Bank of Canada (TSX:NA, +0.99%) all took a small step ahead.
* Merck & Co. (NYSE:MRK, +1.43%) agreed to pay $24.50 per share, or $3.85 billion, in cash to acquire Idenix Pharmaceuticals (NASDAQ:IDIX, +226.97%). The price tag represents a 239 percent premium to the prior day`s closing price for IDIX. Idenix is best known for its three hepatitis C drugs in development, although none have made it through phase 2 trials yet at this point.
* Rival HCV drug developer Achillion Pharmaceuticals, Inc.
(NASDAQ:ACHN, +124.65%) bolted ahead as well, further aided by the company beginning dosing its ACH-3422 for seven days in patients with genotype 1 HCV in its ongoing Phase 1 clinical trial. Also, Achillion said that the FDA removed the clinical hold on sovaprevir to permit trials in patients with HCV. Some research on sovaprivir was halted last summer because of concerns of elevated liver enzymes in patients treated with both sovaprivir and atazanavir.
* Montreal`s Amaya Gaming Group Inc. (TSX:AYA, +78,60%) agreed to buy Oldford Group, the company that owns PokerStars and Full Tilt Poker, for $4.9 billion in an all-cash deal, creating the world`s biggest publicly traded online gaming company. PokerStars and Full Tilt Poker have more than 85 million registered players on mobile devices and desktop applications.
* Pilgrim`s Pride (NASDAQ:PPC, -7.08%) backed-out of the bidding war to acquire Hillshire Brands (NYSE:HSH, +4.92%) after Tyson Foods (NYSE:TSN, -11.69%) leapfrogged the $55 bid by Pilgrim`s Pride to offer $63 per share to acquire Hillshire, the maker of Ball Park franks, Sara Lee brands and its eponymous lunchmeats. The bidding had begun two weeks earlier with PPC offering $45 per share for Hillshire.
* Ritchie Bros Auctioneers (TSX:RBA, +5.43%) jumped upon news of Cantor Fitzgerald raising its rating on the stock to a “buy” from a “hold”. It was only back in February that Cantor Fitzgerald removed its “sell” rating on Ritchie Bros. and upped it to a “hold”.
* Analog Devices Inc. (NASDAQ:ADI, +5.56%) said it will pay $78 per share, or $2.45 billion, to acquire Hittite Microwave Corp.
(NASDAQ:HITT, +28.83%) in a bid to grow its radio-frequency portfolio.
The price is a 28% premium to HITT shares the day before the deal was announced.
* Family Dollar Stores Inc. (NYSE:FDO, +10.63%) climbed upward after billionaire activist investor Carl Icahn the prior Friday evening disclosed a 9.4% stake in the discount retailer late Friday. Family Dollar said that it adopted a shareholders` rights plan, a move often called a “poison pill,” which prevents any shareholder from getting more than a 10% stake in the company, a move to prevent any hostile takeover attempt. Rival retailer Dollar General Corp. (NYSE:DG, +4.66%) also advanced on the news as investors started speculating on what could be happening.
* Botox maker Allergan Inc. (NYSE:AGN, -1.98%) rejected the latest takeover offer of roughly $52.7 billion by Valeant Pharmaceuticals International Inc. (TSX:VRX, -6.94%), saying the offer doesn`t even warrant conversations between the two companies as it undervalues Allergan currently and doesn`t consider its growth prospects.
Activist investor Bill Ackman, the largest shareholder of Allergan, has filed paperwork with the courts to try and stop Allergan from enacting a poison pill.
* Orexigen Therapeutics Inc. (NASDAQ:OREX, -10.14%) got some disappointing news when the FDA delayed making a decision on its weight-loss drug Contrave by three months. The delay was reported as stemming from the FDA needing more time to reach an agreement on packaging and post-marketing obligations associated with potential side effects of the drug. Most analysts think the drug, which was shot down by the FDA in 2012 with a request for more clinical data, will eventually be approved.
* Looking to diversify as some of its established brands are reaching maturity, Priceline (NYSE:PCLN, -3.94%) agreed to buy restaurant booking service OpenTable Inc. (NASDAQ:OPEN, +47.97%) for $103 per share in cash in a deal valued at roughly $2.6 billion. The buyout price represents a 46% premium to the price of a share of OPEN the day before the deal was announced.
* Shares of online marketplace eBay Inc. (NASDAQ:EBAY, -1.33%) faded lower after news that its PayPal President David Marcus is leaving the company to join Facebook Inc. (NASDAQ:FB, +3.20%) as its new head of messaging products business.
Weekly Indices Results:
The S&P TSX Composite Index continued to push toward a record high, climbing for the third time in four weeks to add 162.71 points, or 1.10%, to 15,001.61. The TSX-Venture Composite Index advanced for the second straight week, growing by 9.88 points, or 1.00%, to 997.33.
In the States, the Dow Jones Industrial Average snapped a three-week winning streak, ending the week down by 148.54 points, or 0.88%, to 16,775.74. The much-broader S&P 500 followed suit, dropping 13.28 points, or 0.68%, to close at 1,936.16. The tech-rich NASDAQ Composite backtracked for the first time in five weeks, depreciating by 10.75 points, or 0.25%, to 4,310.65.
Canadian Economic Data:
* Canada Mortgage and Housing Corp showed seasonally adjusted annualized housing starts rose to 198,324 in May, topping analyst forecasts of 185,000 and suggesting the Canadian housing market is not ready to move lower, yet. Meanwhile, April was revised higher to 196,687 units, further lending to the idea that the housing market will be a positive contributor to GDP in Q2.
* The New Housing Price Index rose 0.2% in April, matching the gains from the previous two months, according to Statistics Canada. The combined metro region of Toronto and Oshawa was the largest contributor with a 0.7% advance in April, marking the biggest month-over-month rise since November 2011. Also chipping-in to the advance was Calgary with a 0.6% jump in prices and Hamilton, Winnipeg and the combined region of Saint John, N.B., Fredericton and Moncton, N.B, which all increased 0.2%. On the down side, six metro areas saw prices contract, including 0.5% in Regina and 0.3% in Vancouver.
* Statistics Canada reported that manufacturing sales edged down 0.1% in April to $50.9 billion, the first decrease in four months, confounding analysts that expected a rise of 0.4%. Declines in the petroleum and coal product (-5.0%), aerospace product and parts (-6.2%), and machinery industries (-3.2%) were largely offset by smaller gains in most other industries. In April, 14 of 21 industries representing about 60% of manufacturing posted gains, despite the slight decrease in total sales. Sales in the paper industry rose 12.1% in April to $2.2 billion, the largest percentage increase since the current series began in 1992. Several paper manufacturers reported higher sales in April following the resolution of the Port Metro Vancouver strike at the end of March.
This week, major economic data reports will include CREAstats/MLS Sales and Canada`s International Transactions in Securities on Monday; Wholesale Trade on Wednesday; Employment Insurance on Thursday; and Retail Trade and the Consumer Price Index on Friday.
U.S. Economic Data:
* In its weekly report, the Labor Department showed that initial jobless claims edged up by 4,000 to a seasonally adjusted 317,000 in the week ended June 7. Economists thought that claims would slide to 310,000. The four-week moving average, which flattens out some weekly volatility, rose by 4,750 to 315,250. Even with the modest increases in both figures, first-time filings for jobless benefits are still holding near levels last seen around early 2007, before the Great Recession began, and are showing a slowly strengthening labor market.
* The Commerce Department said that retail sales rose 0.3% in May, boosted by higher sales of autos (+1.1%), building materials and gardening supplies (+1.4%), although the figures was still shy of the 0.5% improvement economists predicted. Meanwhile, April sales were revised sharply upward from an increase of 0.1% to 0.5%. Not counting motor vehicles and parts, retail sales were only up 0.1% in May, following a 0.4% rise a month prior.
* The Labor Department reported that the Producer Price Index for Final Demand fell 0.2 percent in May, following sharp rises of 0.6-percent in April and 0.5 percent in March. Economists were predicting a gain of 0.2 percent for the May figure. Compared to May 2013, wholesale prices were up by 2 percent, a tad lower than the 2.1% year-over-year increase in April. All of the components of the index were lower last month, except for transportation and warehousing.
This week, data in the States will include Industrial Production on Monday, Consumer Price Index and Housing Starts on Tuesday; the latest FOMC Meeting announcement on Wednesday; and Initial Jobless Claims and the Philadelphia Fed Survey on Thursday.
Corporate Profile Updates:
Our recent profiled Company, Music of Your Life, Inc. (OTCQB:MYLI) announced that the Music of Your Life Collection, a 10-cd box set of classic love songs, has surpassed all expectations selling more than 1,000,000 CDs. This CD set is produced by The StarVista Entertainment / Time Life Companies, however as a result of the recent acquisition of the Music of Your Life branded assets, MYLI will start to benefit from the strong success of this and other potential future StarVista Entertainment / Time Life products. The stock had a great trading week, closing at $0.20 and the high of the week. For more information on MYLI, click here: (http://www.allpennystocks.com/aps_us/company_spotlights/archives/myli.asp).
To read the complete MYLI press release, click here:
(http://finance.yahoo.com/news/music-life-collection-sells-more-203000361.html).
————————- Forward Looking Statements This report includes forward-looking statements that reflect the mentioned companies current expectations about its future results, performance, prospects and opportunities. the mentioned companies has tried to identify these forward-looking statements by using words and phrases such as “may,” “will,” “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plan,” “should,” “typical,” “preliminary,” “we are confident” or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause the mentioned companies actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company`s growth expectations and ongoing funding requirements, and specifically, the Company`s growth prospects with scalable customers, and those outlined above. Other risks include the Company`s limited operating history, the Company`s history of operating losses, consumers` acceptance, the Company`s use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company`s securities, the possible volatility of the Company`s stock price, the concentration of ownership, and the potential fluctuation in the Company`s operating results.
Disclaimer AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable.
For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company`s expectations and estimates.
This is an advertisement for the above mentioned companies. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.
© 1999-2014 AllPennyStocks.com. All rights reserved.
AllPennyStocks.com is not a Registered Broker/Dealer or Financial Advisor, nor do we hold ourselves out to be. All materials presented on our web site and individual reports released to the public through this web site, e-mail or any other means of transmission are not to be regarded as investment advice and are only for informative purposes.
Before making a purchase or sale of any securities featured on our web site or mentioned in our reports, we strongly encourage and recommend consultation with a registered securities representative. This is not to be construed as a solicitation or recommendation to buy or sell securities. As with any stock, companies we select to profile involve a degree of investment risk and volatility. Particularly Small-Caps and OTC-BB stocks. All investors are cautioned that they may lose all or a portion of their investment if they decide to make a purchase in any of our profiled companies. Past performance of our profiled stocks is not indicative of future results. The accuracy or completeness of the information on our web site or within our reports is only as reliable as the sources they were obtained from. The profile and opinions expressed herein are expressed as of the date the profile is posted on site and are subject to change without notice. No investor should assume that reliance on the views; opinions or recommendations contained herein will produce profitable results. AllPennyStocks.com may hold positions in securities mentioned herein, and may make purchases or sales in such securities featured on our web site or within our reports. In order to be in full compliance with the Securities Act of 1933, Section 17(b), AllPennyStocks.com will disclose in it`s disclaimer, what, if any compensation was received for our efforts in researching, presenting and disseminating this information to our subscriber database and featuring the report on the AllPennyStocks.com web site. AllPennyStocks.com has been compensated five thousand dollars by a non-affiliated third-party, SmallCapVoice.com, LLC. for its efforts in presenting the MYLI profile on its web site and distributing it to its database of subscribers as well as other services. AllPennyStocks.com may decide to purchase or sell shares on a voluntary basis in the open market before, during or after the profiling period of this report. As of the profile date, no shares have been sold or held by AllPennyStocks.com. Information presented on our web site and within our reports contain “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be “forward looking statements.” Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as “expects”, “will,” “anticipates,” “estimates, “believes,” or that by statements indicating certain actions “may,” “could,” or “might” occur.
THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SMALL CAP SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK.
We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission (SEC) at: http://www.sec.gov ( http://www.sec.gov ) and/or the National Association of Securities Dealers (NASD) at:
http://www.nasd.com ( http://www.nasd.com ). Readers can review all public filings by companies at the SEC`s EDGAR page. The NASD has published information on how to invest carefully at its web site.
Related posts:
- Dow, S&P 500 Print New Highs, Gold Continues Its Slide
- S&P 500 Closes At Record High, All Other Indexes Rise on Week
- Stocks Mixed As Debt Ceiling & Possible U.S. Gov’t Shutdown Looms
- Stocks Tumble As Frothy Markets Continue Correction From Last Week
- Europe takes Unprecedented Stimulus Steps, U.S. Markets Hit More Record Highs